Tax Tips & Tools 2019/20 – Tools List

This latest edition of Tax Tips & Tools contains a total of 122 highly practical and easy to use tax calculators, spreadsheets, checklists and other tax tools. It allow you to advise clients on these issues in a matter of minutes –something that could otherwise take hours. Tax Tips & Tools has been designed for accountants and tax practitioners, particularly those who serve small and medium size businesses. There are 85 updated tools – a complete list of contents can be found below.

If you are committed to providing your clients with valuable tax advice which they will happily pay for, you absolutely need the latest edition of Tax Tips & Tools!

What’s New for 2019/20?

The following 2 NEW tools have been added for 2019/20:

Personal Expenses - paid privately or by company?

What are the effects of paying e.g. school fees (or other personal expenses) through the company and it being treated as a benefit in kind, or taking the money out as a dividend?

VAT Flat Rate v Standard Method Comparison

A tool to compare the VAT payable under both methods. Which is most cost effective?

Updates

Some of the tax tools (indicated by (S) on the relevant screen ion this model) now support the Scottish Income Tac band for 2019/20.

Other models have been updated as necessary to reflect changes in legislation and rates of tax, tax bands etc.

To allow for quick and easy access, Tax Tips & Tools is now delivered as a downloadable file upon successful completion of your purchase.

Tax Tips & Tools 2019/20 is split into the following sections
Click each section to see the full list of tools:

Inheritance Tax and Trust Tools

Estate Valuation

IHT Annual Gifts out of Income Summary Form *Updated

IHT – Quoted Securities Valuation Tool

Inheritance Tax Calculator *Updated

Intestacy Rules Hand Out *Updated

Property Transactions and Taper Summary Tools

Trust Tax Calculator *Updated

Income Tax and Corporation Tax Tools

AddBacks Comparison

Admitting a Partner *Updated

Beneficial Loan Calculator

Bonus v Dividend Calculator *Updated

Buy to Let Interest Relief Restriction Calculator

Car Benefits v FPCS *Updated

Car CO2 Emissions Listing Sheet *Updated

Car Tax Calculator *Updated

Change of Accounting Date *Updated

Corporation Tax Calculator

Deferred Tax Calculator

Directors Payslips *Updated

Directors Salary and R&D Tax Credits *Updated

Director Salary Letters *Updated

Disincorporation Calculator *Updated

Dividend Taxation *Updated

Effective Tax Rates – Profit Extraction *Updated

Extraction of Funds – Grossing Up Calculator *Updated

Farming Losses Calculator *Updated

Flat Rate Expenses *Updated

Fuel Benefit Checker *Updated

Furnished Holiday Lettings – Data Recording *Updated

Furnished Holiday Lettings – Interactive PDF *Updated

Gift Aid Summary *Updated

High-Income Child Benefit Charge Tools *Updated

Income Tax Calculator (Form 930) *Updated

Incorporation Action Checklist

Incorporation Elections

Incorporation Issues *Updated

Interactive Mileage Log – Company Car *Updated

Interactive Mileage Log – Own Car *Updated

Interest on Loan Credit Balances Calculator

Lease Buy or Contract Hire *Updated

Loan, Dividend or Salary?*Updated

Maximum AIA Calculator *Updated

Pension – Who Pays? *Updated

Pension – Certificate of Earnings *Updated

Pension Planning Letter *Updated

Personal Expenses – paid privately or by company–NEW

Pension Taper Relief Calculator *Updated

Pre-Incorporation Questionnaire

Property – Inside or Outside a Company? *Updated

Property Stamp Duty Calculator

Rental Income Working Papers *Updated

Salary Sacrifice – Bikes *Updated

Salary Sacrifice – Cars *Updated

Salary Sacrifice – Pensions *Updated

Salary to PA or NI Limit? *Updated

Savings Rate – Letter and Company Minute *Updated

Savings Rate and Dividend Interaction *Updated

SEIS/EIS Tax Relief Calculator *Updated

Should I Incorporate? (S) *Updated

Should I Incorporate? Practical Guides *Updated

Spouse salary level *Updated

Tabular format – Profit Extraction Summary *Updated

Trading Vehicle Assessor

Use of Home as Office Calculator *Updated

Use of Home for Business

UTR Validator

Visual Tax Planner *Updated

(S) Supports the Scottish Income Tax Band for 2017/18

Payroll and CIS Tools

Construction Industry Scheme (CIS) Payment Sheets *Updated

IR35 Deemed Salary Calculator *Updated

Net to Gross Pay Calculator (S) *Updated

PAYE Penalties Calculator

PAYE Settlement Calculator *Updated

Payroll – Engagement Letters *Updated

Payroll Calculator – Weekly/Monthly (S) *Updated

Payroll Checker – Annual *Updated

Payslip *Updated

Redundancy Calculator *Updated

RTI Penalties Calculator

Systemising payroll – Payroll Procedures Letter *Updated

Systemising payroll – Payroll and CIS costing tool *Updated

Systemising the Payroll Function *Updated

(S) Supports the Scottish Income Tax Band for 2017/18

NI and Tax Credits Tools

Class 4 NI Losses *Updated

Maximum NI Calculator *Updated

Pension Credits *Updated

Tax Credits – Trading Losses *Updated

Capital Gains Tax Tools

CGT Asset Disposal Calculator

CGT Indexation Calculator

CGT Lease Premium Calculator

Entrepreneur’s Relief Cumulative Use Tracker

Valuable Added Tax Tools

VAT – Ebay and Paypal Reconciliations

VAT – Partial Exemption Annual summary-Standard

VAT – Partial Exemption Annual summary-Special

VAT Annual Scheme (1) Calculator

VAT Capital Goods Scheme

VAT Cash Accounting Calculation / Reconciliation

VAT Flat Rate v Standard method comparison– NEW

VAT Flat Rate Limited Cost Trader Calculator

VAT Flat Rate Scheme Calculator

VAT Registration Limits Tool *Updated

VAT Registration Number Validator

VAT Relief for Bad Debts

VAT Relief for Bad Debts – Flat Rate Scheme

VAT Scale Charges Calculator *Updated

VAT Summary Working Papers

Administrative and Other Tools

Interest on Tax Calculator *Updated

Making Tax Digital – Trading Income *Updated

Personal Tax Organisers *Updated

RTI Filing Trackers *Updated

SA payment form *Updated

Tax Department – Lead generation

Tax Liabilities (Graphical Summary) *Updated

Tax Liabilities Summary (inc SA Payment form) *Updated

Tax Liability Graphs *Updated

Tax Manager *Updated

Tax Return Monitoring Submissions Report *Updated

Tax Reviewer *Updated

The 20+ steps to completing a Tax Return *Updated

VAT Tracker *Updated

Mind Maps

Extracting profit *Updated

Higher Rate Tax Payer? *Updated

Tax Administration Procedures *Updated

Tax Efficient Remuneration *Updated

2020’s Tax Tips and Tools is a brilliant time-saving resource created specially by a tax professional who understands the needs of a busy practice. We have used it since its inception, and cannot recommend it highly enough. It will pay for itself many times over.

To allow for quick and easy access, Tax Tips & Tools is now delivered as a downloadable file upon successful completion of your purchase.